Bitcoin Stocks Are Possibly the Dumbest Bitcoin Play


Unfortunately, as my Bloomberg News colleagues Crystal Kim and Tom Contiliano pointed out, its shares trade at about a 50% premium to the price of Bitcoin — and that was after a 25% plunge in the stock from its Feb. 9 high. It would be akin to buying Bitcoin at $75,019 apiece when it was trading at $49,000, they wrote. Clearly, that’s not the smartest of investments.



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